It is joining an ecosystem of global energy companies, utilities, grid operators, blockchain developers and users, and infrastructure providers, collaborating on implementation of large-scale blockchain-powered projects.

“Our affiliation with the Energy Web Foundation allows us to expand our work in the energy space, following our successful engagement with Shell. We discovered that our technical visions are aligned and that we are in a great position to contribute, making this an easy decision for us. It is a brilliant opportunity for Applied Blockchain to work with key global organisations to unleash blockchain’s true potential for decentralising and democratising solutions in the energy industry,” says Adi Ben-Ari, Founder and CEO of Applied Blockchain.

“The energy sector is a prime example of an industry being proactive and making best use of the security and trust advantages that blockchain technology can offer. Through the EWF initiative, energy businesses have a real opportunity to lead the way in showcasing how to apply blockchain technology to the benefit of their end-users,” he adds

“The Energy Web Foundation’s focus is on building the energy sector’s core blockchain platform on which others’ applications can sit. Applied Blockchain’s experience building real-world applications for their clients, from startups to enterprises, is highly complementary,” says Jesse Morris, Chief Commercial Officer of EWF.

“Its expertise can help other EWF affiliates, especially energy companies newly exploring blockchain’s potential, successfully bridge from initial interest to building their first energy blockchain applications on the Energy Web Chain.”